14-11-2024

Neste and Air Canada sign agreement for the supply of 60,000 tons of Neste MY Sustainable Aviation Fuel

Neste and Air Canada have signed an agreement for the supply of 60,000 metric tons (77.6 million liters) of neat Neste MY Sustainable Aviation Fuel™. Neste will deliver the sustainable aviation fuel (SAF) blended with conventional jet fuel to the Vancouver marine terminal starting in December 2024, with further shipments throughout 2025. The Vancouver marine terminal has a direct pipeline connection to the fuel facilities at Vancouver International Airport enabling the use of the blended SAF at the airport.

The agreement builds on the existing partnership between the two companies and supports Air Canada’s environmental sustainability commitments which include a target to procure SAF to account for 1% of the airline’s estimated 2025 jet fuel use. In 2023, Neste supplied SAF purchased by Air Canada at San Francisco International Airport and Amsterdam Airport Schiphol.

“Air Canada is actively pursuing efforts to mitigate its GHG emissions, and SAF is a critical component of our multifaceted approach to reducing our impact on the environment and promoting environmental sustainability in our operations. This SAF purchase from Neste contributes to our target of procuring SAF for one percent of our estimated fuel use in 2025,” said Michael Rousseau, President and Chief Executive of Air Canada.

“We are proud to expand our partnership with Air Canada by supplying them with a large volume of Neste MY Sustainable Aviation Fuel for use at Vancouver Airport. It is the first time our SAF is supplied to Canada. It underlines our commitment to supporting the Canadian aviation industry in its efforts to mitigate emissions and also shows the important role that policy support can play in accelerating SAF usage. We look forward to continuing our excellent collaboration with Air Canada,” said Carl Nyberg, Executive Vice President at Neste. This is the first time Neste’s SAF is supplied to Canada.

Sustainable Aviation Fuel

Sustainable aviation fuel is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil-based jet fuel. Using Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas emissions by up to 80%* over the fuel’s life cycle, compared to using conventional jet fuel. Neste’s SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is certified for commercial use and can currently be blended up to 50% with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure.

*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology